English Dictionary

wage-fund doctrine

名詞

(economics) The theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.

日本語の意味

国において常に一定の資本が労働に支払われるために準備されているとする経済理論。 / 労働者全体でこの賃金基金が分配されるため、平均賃金は基金の大きさと労働者数の比率によって決定されるという見解。

Many early economists defended the wage-fund doctrine, arguing that wages were regulated by a fixed pool of capital available for labor.

多くの初期の経済学者は賃金基金説を支持し、賃金は労働に支払われる資本の一定のプールによって規定されると主張した。

意味（1）

(economics) The theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.